Slike strani
PDF
ePub

Chapter II.--Income and Receipts

Upon financial resources depend the standing of the institution, the extent and variety of its activities, the number of curricula offered, the number and salaries of the teaching staff, the size of the student body, the nature of the physical plant, and the available equipment for the conduct of its functions. The distribution of expenditures determines in a large measure the educational policy, the academic program, and the final attainment of objectives.

Notwithstanding the fact that finances constitute such an important phase of the land-grant college, no subject has been more neglected. Governing boards frequently content themselves with a general appraisal of the progress of their institutions. Chief executives keep themselves more or less informed of developments by periodical reports and overhead supervision of the different branches. More genuine knowledge, however, is obtainable on the exact status of the institution, whether progress is being made, whether the educational program is being carried out, and whether objectives are being achieved by a specific analysis of finances. The study of a financial sheet giving detailed items of income and expenditure for a fixed year as compared with previous years, providing such records are kept, reveals information that is basic and fundamental for revision of policies and changes of procedure. The proportion of support received from different sources over a period of years

discloses data of intrinsic value in securing additional revenues. Comparative figures on expenditures among the various activities from year to year present an accurate criterion of whether they are being equitably distributed. With such a guide curtailment of excessive expenditures and augmentation of needed expenditures for the different functions may be effectively made.

Any survey of the finances of a group of higher educational institutions involves a careful review of tabulated material showing classifications of income by sources and amounts and of expenditures by distribution and by amounts. Compilations of salaries of the educational and administrative staffs, of capital investments in physical plants, of revenues from student fees, of student loan funds, of scholarships, of trust funds, and of revolving and rotary funds are essential. Each of the subjects will be taken up in turn.

Receipts The land-grant college occupies a strategic financial position. It is supported by public taxation and is therefore reasonably assured of a stable income. Sources of support of private institutions are confined to interest on endowment, gifts, and student fees. Not only does the land-grant college enjoy practically all these sources of support but it also receives regular revenues from both the Federal and State Governments.

In an examination of the finances of the land-grant colleges, one fact of great significance is outstanding. There has been a remarkable and almost unbelievable increase in the receipts of the colleges during the past 20 years. So great has been the enhancement and so important the effect upon the entire problem of financing public institutions of higher education that no study would be complete without giving it consideration. It was the plan of this survey to secure data on the annual receipts and expenditures at 5-year intervals beginning with 1910 in order to make a comparative analysis of growth in resources. In the early years, however, the returns were so incomplete that any attempt at accurate appraisal is futile. Figures of reasonable accuracy were obtained for the year 1915, which can be compared with similar figures for the year 1928. Table 4 shows the receipts from Federal funds, State funds, private gifts, institutional funds, earnings, and miscellaneous sources for 1915 as compared with 1928 by institutions, with gains made during this period.

TABLE 4.-Receipts of land-grant colleges from Federal funds, State funds,

private gifts, institutional funds, earnings, and miscellaneous sources for 1915 and 1928, showing gains

[blocks in formation]

Alabama Polytechnic Institute..
Alaska Agricultural College and School

$87, 780

$331, 943 $244, 163 $119, 797 $671, 834 $552, 037 of Mines.

50,000 University of Arizona.

50,000

90, 300 90,000

90, 300 University of Arkansas.

207, 858 117, 858 227, 597 674, 433 80, 564

446, 836

280, 484 University of California.

199, 920

143, 797 689, 250 545, 453 140, 645 306, 922

166, 277 1,728, 2138, 123, 641 6,395, 428 Colorado Agricultural College

105, 450 Connecticut Agricultural College..

214, 332 108, 882 152, 109 619, 226 467, 117 University of Delaware.

81, 750 154, 791

73, 041 39, 500 600, 240 84, 680

560, 740 University of Florida..

141, 072 56, 392 19,000 433, 824 414, 824

74, 894 203, 173 Georgia State College of Agriculture..

128, 279 58, 250 1, 298, 637 58, 287 301, 808

1, 240, 387 243, 521 103, 000 400, 730

297, 730 University of Hawaii. University of Idaho.

50,000 52, 864 2, 864 28, 645 160, 489

542, 249 513, 804 University of Minois..

276, 612 116, 123

86, 050

807, 838 721, 788 Purdue University...

122, 462 396, 997

274, 5352, 286, 500 5,833, 4123, 546, 912 Iowa State College.

107,000 355, 471

248, 471 548, 450 2,033, 181 1, 484, 731 125, 434 340, 498

215, 064 1,055, 8422,761, 500 1,705, 658 Kansas State Agricultural College. 116, 328 University of Kentucky.

286, 803 170, 435 583, 760 1, 459, 020

875, 260 Louisiana State University

91, 395 332, 337 240, 942 235, 977 1, 309, 450 1,073, 473 University of Maine.

83, 454 255, 135 171, 681 139, 500 927, 009 787, 509

95, 915 University of Maryland....

188, 366

92, 451 150,000 567, 664 417, 664

85, 797 211, 672 125, 965 39,000 693, 621 654, 621 Massachusetts Agricultural College.. Massachusetts Institute of Technology.

80, 633 144, 093

63,460 446, 997 966, 557 519, 560

20, 317 Michigan State College..

20, 317
0 101, 657

10 160,385 University of Minnesota..

334, 267 173, 882 309, 147 2, 130, 990 1, 821, 843 Mississippi Agricultural and Mechan

151,098 436, 146 285, 0482,063, 913 4,713,231 | 2, 649, 318 ical College....

79, 144 296, 425 217, 281 191, 891 594, 635 402, 744 University of Missouri. Montana State College..

104, 969 379, 407 274, 438 880, 105 | 1, 706, 196 826, 091 University of Nebraska.

125, 312 216, 559 91, 247 116, 087 415, 911 299, 824

134, 650 University of Nevada

292, 850 158, 200 951, 2042, 133, 197 1, 181, 993

106, 306 158, 541 University of New Hampshire..

52, 235 93, 208 295, 075 201, 867 94, 800 152, 620 57, 820 49, 961

657, 184 607, 223 Rutgers University. New Mexico College of Agriculture and

95, 787 214, 603 118,816 71,061 1, 456, 719 | 1, 385, 658 Mechanic Arts. Cornell University.

90,000 167, 312 77, 312 23, 712 148, 366 124, 654 North Carolina State College.

121, 429 376, 605 255, 176 946, 745 2,038, 033 1,091, 288

81,000 344, 249 North Dakota Agricultural College..

263, 249 85, 000 996, 745 111, 745 149, 831 274, 423 124, 592 67, 811

506,983

439, 172 Ohio State University. Oklahoma Agricultural and Mechan

102, 180 323, 797

221, 617 | 1,041, 4824, 170, 491 3, 129, 009 ical College.. Oregon Agricultural College.

85,000 436, 423 351, 423 182, 350 980,000
121, 418

797, 650 Pennsylvania State College..

187, 373 65, 955 369, 825 | 1, 476, 687 | 1,006, 862

120,000 514, 355 University of Porto Rico.

394, 355 627, 728 | 1, 482, 947 855, 219 50,000 50, 384 384 110, 182 613, 777

503, 595 Rhode Island State College. Clemson Agricultural College.

92, 500 133, 371 40, 871 45,000 151, 966
70, 754

106, 966 South Dakota State College..

256, 768 186, 014 155, 860 918, 294 762, 434

125, 335 257, 395 University of Tennessee.

132, 060 94, 523 408, 760 314, 237 Agricultural and Mechanical College of

102, 210 334, 584 232, 374 99, 245 1,327, 684 | 1, 228, 439 Texas....

83, 650 472, 406 388, 756 365, 499 | 1, 496, 1781, 130, 679 Agricultural College of Utah. University of Vermont..

107, 601 175, 572 67, 971 111, 632 344, 350 232, 718 Virginia Agricultural and Mechanical 98, 130 168, 966 70, 836 52, 550

139, 803 87, 253 College.. State College of Washington.

93, 992 310, 703 216,711 160, 407 744, 736 584, 329 West Virginia University.

140, 688 367, 074 226, 386 326, 653 1,093, 917 767, 264

86, 000 254, 885 166, 885 256, 000 1,419, 732 1, 163, 732 University of Wisconsin.

115, 128 University of Wyoming

297, 377 182, 249 1,745, 797 4,531, 546 2,785, 749

108, 011 242, 933 134, 922 83, 397 472, 006 388, 609 Total...

5, 130, 482 13, 481, 921 8, 351, 439 19, 971, 616 171, 123, 755 51, 152, 139 1 No gain.

TABLE 4.-Receipts of land-grant colleges from Federal funds, State funds,

private gifts, institutional funds, earnings, and miscellaneous sources for 1915 and 1928, showing gains-Continued

[blocks in formation]

334

Alabama Polytechnic Institute.
Alaska Agricultural College and School of

$11, 255 $11, 255 $12, 889 $310, 316 $297, 427 Mines.... University of Arizona..

967

967 University of Arkansas.

334

5, 029 223, 003 217, 974

1,080 University of California

1,080 15, 525

106, 018 90, 493 $227, 250 1, 992, 885 1,765, 605 435, 4862, 679, 3242, 243, 838 Colorado Agricultural College. Connecticut Agricultural College.

9,684 106, 571 96, 887 University of Delaware..

2, 393 2,393 15, 715 123, 061 107, 346 University of Florida.

200,000

51, 506
248, 494 9, 526

112, 316

102, 790 1, 750

10 Georgia State College of Agriculture

4, 102 266, 850 262, 748 8, 686 42, 521

43, 835
6, 710
80, 789

74, 079 University of Hawaii. University of Idaho

1,500
1,005

10

137 39, 313 39, 176 University of Illinois.

989 63, 461 62, 472 Purdue University.

133, 050 133, 050 236, 151 923, 889 687, 738

2, 048 Iowa State College...

20, 103

18, 055 83, 543 490, 608 407, 065 1, 125

10 78, 838 441, 572 362, 734 Kansas State Agricultural College. University of Kentucky.

4, 191 4, 191 38, 035 351, 250 313, 215 Louisiana State University.

3,750 6, 279 2, 529

15, 562 192, 508 176, 946 University of Maine..

5, 664 5, 664 13, 492 197, 149 183, 657 University of Maryland....

13, 750 101, 146 87, 398 60, 358 224, 641 64, 286
13, 068
13,068

1,043, 179 1,043, 179 Massachusetts Agricultural College. Massachusetts Institute of Technology..

8, 129 79, 775 71, 646 Michigan State College...

777, 267 11, 110, 607

330, 340 531, 244 2,555, 9482, 024, 704 University of Minnesota.

36, 434 284, 750 248, 316 Mississippi Agricultural and Mechanical

197, 671 197, 671 248, 719 2,593, 169 2, 344, 450 College..

13, 277 109, 766 96, 489 University of Missouri. Montana State College..

55, 245 55, 245 127, 929 641, 537 513,608 University of Nebraska.

5,000 5,000 9, 027 50, 162 41, 135 University of Nevada.

85, 214 479, 418 394, 204 University of New Hampshire.

28, 508 28, 508 9, 605 88, 569 78, 964 125 1, 771

1, 646 48, 912 339, 286 90, 374 Rutgers University ..., New Mexico College of Agriculture and

73, 001 298, 504 525, 503 70, 206 864, 553 794, 347 Mechanic Arts. Cornell University.

1, 839 11, 912 10, 073 North Carolina State College.

201, 484 2, 104, 345 1,902, 861 1, 297, 923 3,007, 801 1, 709, 878 North Dakota Agricultural College..

3, 258 3, 258 24, 402 234, 360 209, 958 9,000 9,000 15, 651

46, 635 30, 984 Ohio State University. Oklahoma Agricultural and Mechanical

9, 150
22,027

239, 420 | 1, 688,085 | 1,448, 665 College... Oregon Agricultural College

2, 560 2, 560 5, 300 242, 630 237, 330 Pennsylvania State College.

6, 267

6, 267 32, 565 279, 946 247, 381 University of Porto Rico. 6,000 345, 666 12, 877 69, 823 873, 061

803, 238

3,000 3,000 2, 168 41, 249 39, 081 Rhode Island State College... Clemson Agricultural College.

5, 737 52, 999 47, 262 South Dakota State College..

8,745 94, 647 85, 902 University of Tennesse

13, 207 68, 184

54, 977 Agricultural and Mechanical College of

3, 450
14, 221 10, 771

58,893

286, 977 228, 08 Texas....

3, 627

449, 026 445, 399 Agricultural College of Utah.

700 University of Vermont..

4,843

4, 143 10,019 59, 930 49, 911

2, 505 Virginia Agricultural and Mechanical

362, 920 360, 415 90, 153 457, 656 367,503 College... State College of Washington.

27, 111 93, 642 66, 531 West Virginia University.

7, 133 7, 133 8, 877 188, 065 179, 188

27,014 335, 421 308, 407 University of Wisconsin..

13, 710 University of Wyoming.

123, 536 109, 826 461, 673 1, 392, 028 930, 355 300

300 5,089 99, 649 94, 560 Total.

1, 547, 251 7,392, 862 5,845, 611 4,639, 763 26,067, 624 21, 427, 861 No gain.

TABLE 4.-Receipts of land-grant colleges from Federal funds, State funds,

private gifts, institutional funds, earnings, and miscellaneous sources for 1915 and 1928, showing gains Continued

[blocks in formation]

Alabama Polytechnic Institute.. $19, 789
Alaska Agricultural College and

$258, 763 $238, 874 $240, 255 $1, 584, 111 $1,343, 856 School of Mines.. University of Arizona.

5, 646
5, 646

146, 913
8,856

146, 913 University of Arkansas.

166, 087 157, 231

1, 271, 715

331, 482 19, 529

940, 233

227, 357 University of California.

207, 828 259, 415 1, 304, 189 292, 349

1,014, 774

517,052 324, 703 2,823, 943 13, 619, 824 10, 795, 881 Colorado Agricultural College

25, 528 Connecticut Agricultural College.

166, 723 141, 195 292, 771 1, 106.852 60, 211

814, 081 University of Delaware.

415, 405

355, 194 197, 236 1, 295, 890 13, 819

1,098,654 University of Florida..

128, 026 114, 207 327, 025 866, 744 1, 017

539, 719

327.804 Georgia State College of Agriculture.

326, 787 140, 013 2,096, 464 22, 578

1, 956, 451 157, 045 134, 467

199, 621 982, 893 783, 632 University of Hawaii..

4,212 University of Idaho.

88, 185 83, 973 84. 494 723, 616 639, 122

10, 041 University of Illinois.

201, 665 191, 624 257, 569 1, 349, 576 213, 915

1,092, 007 Purdue University

661, 990

448, 0752, 859, 028 7, 949, 338 186, 184 1,036, 861

5,090, 310 Iowa State College.

850, 677 927, 225 3,936, 224 104, 244

3,008, 999

596, 902 492, 658 1,365, 483 4, 140, 472 2,774, 989 Kansas State Agricultural College.. 191, 829 University of Kentucky.

394, 850 203, 021 929, 952 2, 496, 114 3, 178

1,566,162 Louisiana State University.

375, 496 372, 318 349, 862 2, 216, 070 33, 330

1, 866, 208

209,514 University of Maine..

176, 184 269, 776 1, 594, 471 47, 230

1, 324, 695 University of Maryland..

193, 572 146, 342 367, 253 1, 275, 392 22, 322

908, 139 383, 120 360, 798

147, 129 2, 344, 661 2, 197, 531 Massachusetts Agricultural CollegeMassachusetts Institute of Tech

83,366
318, 145
234, 779 619, 125 1, 508, 570

889, 445 nology..

5, 216 Michigan State College.

318, 526 313, 310 1, 435, 701 4,005, 398 115, 580

2, 569, 697 University of Minnesota

446, 304 330, 724 621, 546 3, 196, 311 2,574, 765

261, 452 1,784, 757 1,523, 305 2,725, 182 Mississippi Agricultural and Me

9, 724, 974 6,999, 792 chanical College...

169, 285
706, 548

437, 263 453, 597 1, 707, 374 1, 253, 777 University of Missouri.

117, 616 Montana State College.

831, 770 714, 154 | 1, 230, 519 3, 668, 155 11, 625

2, 437, 636 University of Nebraska.

98, 238 86, 613 262, 051 785, 870 523, 819

184, 736 University of Nevada.

795, 378

610, 642 1,355, 804 3, 700, 843 2, 345, 039

3, 601 University of New Hampshire

113, 841 110, 240 202, 720 684, 534 481,814 66, 766 306, 900 240, 134

260, 564 1, 457, 761 1, 197, 197 Rutgers UniversityNew Mexico College of Agriculture

10, 612
700, 023
689, 411

320, 667 3,834, 402 3, 513, 735 and Mechanic Arts.. Cornell University.

5,014 94, 186 89, 172 120, 565 421, 776 301, 211 North Carolina State College

409, 826 2, 182, 686 | 1,772, 860 2, 977, 407 9, 709, 470
24, 103

6, 732, 063 North Dakota Agricultural College..

518, 657 494, 554 214, 505 2,097, 269 1,882, 764 19, 943

156, 044 136, 101 253, 236 993, 085 739, 849 Ohio State University.. Oklahoma Agricultural and Me

56, 252
599, 663

543, 411 1, 448, 484 6, 804, 063 5,355, 579 chanical College..

15, 334 Oregon Agricultural College.

382, 545 167, 211 287, 984 2,044, 158 30, 371

1, 756, 174 Pennsylvania State College.

325, 790 295, 419 554, 179 2, 276, 063 1, 721,884

123, 757 659, 244 535, 487 University of Porto Rico.

947, 308 3,875, 273 4, 639

2, 927, 965

39, 192 34, 553 166,989 747, 602 580, 613 Rhode Island State College

13, 045 Clemson Agricultural College

121, 175 108, 130 156, 282 459, 511 303, 229

12, 246 South Dakota State College..

316, 776 304, 530 247, 605 1,586, 485 1, 338. 880

49, 632 University of Tennessee.

273, 702 224, 070 282, 697 1,008, 041 725, 344

19, 438 Agricultural and Mechanical College

448, 236 428, 798

283, 236 2, 411, 702 2, 128, 466 of Texas.

43,899 | 1, 641, 883 | 1,597, 984 496, 675 4,059, 493 3, 562, 818 Agricultural College of Utah..

9, 701 University of Vermont..

64,806

55, 105 239, 653 649, 501 409, 848 Virginia Agricultural and Mechani.

26, 418 168, 457

142, 039 269, 756 1, 297, 802 1,028, 046 cal College....

66, 530 State College of Washington..

834, 429

767,899 348, 040 1,983, 510 1, 635, 470

65, 547 West Virginia University.

266, 900 201, 353 541, 765 1,923, 089 1,381, 324 29, 285 291, 743

262, 458 398, 299 2, 301, 781 1, 903, 482 University of Wisconsin. University of Wyoming

289, 0391, 643, 417 1,354,378 2, 625, 347 7, 987, 904 5, 362, 557
4,650

149, 272
201, 147

968, 810 767, 663 Total.

3, 628, 695 24

, 115, 946 20, 487, 251 34, 917, 807 142, 182, 108 107, 264, 301

« PrejšnjaNaprej »